ADVFN - Advanced Financial Network.
HOME» NYSE » C » CL Stock Price » CL Stock News

Colgate Palmolive Share News

 Colgate-palmolive Co. Stock Price
CL Stock Price
 Colgate-palmolive Co. Stock Chart
CL Stock Chart
 Colgate-palmolive Co. Stock News
CL Stock News
 Colgate-palmolive Co. Company Information
CL Company Information
 Colgate-palmolive Co. Stock Trades
CL Stock Trades

Venezuela To Put Household Goods Price Caps Into Effect March 1

DOW JONES NEWSWIRES CARACAS -(Dow Jones)- Venezuela will put its cost regulations on a series of selected food, household goods and personal care products into effect March 1, Vice President Elias Jaua said Friday. As part of its Law of Fair Prices and Costs, Venezuela's leftist government in recent months began an evaluation of companies' cost structures to determine "just," state-set prices for their products. The initiative, launched by President Hugo Chavez, is partly an effort to control one of the world's highest inflation rates and aims to set prices for goods across economic sectors as well as establish "reasonable" profits for the companies that produce them. The government began in November by freezing the prices of 19 items, mostly personal-hygiene and household-cleaning products, but has delayed the release of the new government-mandated prices. Chavez has warned that companies failing to comply with the regulations may have property expropriated. On Friday, Jaua said companies will be notified of the price caps soon and will have the ability to appeal against them. "We haven't altered the value of the recognized costs that [the companies] presented to us," Jaua said, according to state news agency AVN. Instead, the government will no longer allow companies to factor items like income tax into how much they eventually charge for their products, said Jaua. Companies that face audits include local units of multinationals like Colgate-Palmolive Co. (CL), PepsiCo Inc. (PEP), H.J. Heinz Co. (HNZ), Johnson & Johnson (JNJ), Unilever PLC (UL, ULVR.LN) and Nestle SA (NSRGY, NESN.VX), as well as local food distributor and packager Alimentos Polar. Chavez, who is seeking re-election this October, has said rampant speculation in the private sector is responsible for the country's notoriously high inflation, which stood at an annualized rate of 26% in January. On Thursday, Chavez gave a preview of some of the new state-set prices, announcing a 50% cut in the price of a Coca-Cola Femsa SAB (KOF, KOF.MX) brand five-liter package of bottled water and a 24% cut in the price of a deodorant marketed by Procter & Gamble Co. (PG). -By Kejal Vyas and Ezequiel Minaya, Dow Jones Newswires; 58-414-249-6821; kejal.vyas@dowjones.com

Stock News for Colgate Palmolive (CL)
DateTimeHeadline
12/04/201408:06:15Unilever to Separate Spreads Division -- 2nd Update
10/28/201421:50:11Colgate Buys Myanmar Toothpaste Brand
10/24/201409:33:45U.S. Hot Stocks: Hot Stocks to Watch
10/24/201407:03:51MARKET SNAPSHOT: U.S. Stocks: Futures Slips After NY Ebola News;...
10/24/201405:52:20MARKET SNAPSHOT: U.S. Stocks: Futures Slip; P&G, Ford Results...
10/19/201405:47:20MARKET SNAPSHOT: More Than 1/3 of Dow Stocks To Report This Week
04/25/201408:20:07
04/22/201409:05:25Glaxo Exits Cancer Drugs
04/20/201406:17:33MARKET SNAPSHOT: Long View On Stocks Is Best During Weak Earnings...
02/18/201418:24:37Colgate-Palmolive Warns of Potential One-Time Losses
01/30/201418:45:41Merck Ends Use of Chimpanzees in Research
01/24/201414:19:21Apple, Google, Exxon, Ford to Report -- Week Ahead
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201309:17:55OZ Management LP 3Q 13F: Largest Sales
11/15/201309:03:09Chilton Investment Co. 3Q 13F: Largest Sales
11/15/201309:03:09Chilton Investment Co. 3Q 13F: Holdings As Of Sep 30
11/15/201309:03:09Chilton Investment Co. 3Q 13F: Holdings As Of Sep -2-
11/15/201308:22:24Janus Capital Management 3Q 13F: Holdings As Of -2-
11/15/201308:22:23Janus Capital Management 3Q 13F: Holdings As Of Sep 30

Colgate Palmolive and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad